Philadelphia Chamber Music Society
- Assets
- $10.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 10/1986
- Data as of
- 09/2021
- EIN
- 22-2736249
Organization Overview
Philadelphia Chamber Music Society is located in Philadelphia, PA. The organization was established in 1986. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Chamber Music Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Philadelphia Chamber Music Society generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $1.3m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT WORLD-RENOWNED MUSICIANS, AT AFFORDABLE PRICES, AND MUSIC EDUCATION PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH SEASON, PCMS PRESENTS AT LEAST 50 CONCERTS BY LEADING INTERNATIONAL CHAMBER ENSEMBLES AND RECITALISTS, ARTISTS WHO WOULD OTHERWISE NOT APPEAR IN THIS CITY. THE CONCERTS FEATURE A RICH DIVERSITY OF WORKS SPANNING FIVE CENTURES, INCLUDING WORLD PREMIERES AND OTHER WORKS BY LIVING COMPOSERS. WE MAINTAIN A POLICY OF AFFORDABLE TICKET PRICING TO ENABLE ACCESS BY PEOPLE OF ALL AGES AND FROM ALL WALKS OF LIFE. AS IN OTHER YEARS LIVE STREAMING WAS ONCE AGAIN PROVIDED AT NO CHARGE, ON A PAY-WHAT-YOU-WISH BASIS. SINCE 1986, PCMS HAS PRESENTED OVER 2,050 CONCERTS, PLAYING A MAJOR ROLE IN INTRODUCING UNDER-REPRESENTED MUSICIANS AND ENRICHING THIS CITY AS A LEADING PERFORMING ARTS CENTER.
MANY OF PCMS' EMINENT ARTISTS ALSO MENTOR AND INSPIRE PHILADELPHIA STUDENTS THROUGH SOME 25 ANNUAL MASTER CLASSES AND CHILDREN'S EVENTS, HELD IN PARTNERSHIPS WITH AREA SCHOOLS AND NONPROFITS, AND OFFERED WITHOUT CHARGE. WE ALSO PROVIDE FREE PRE-CONCERT LECTURES, AND FREEAND DISCOUNTED STUDENT TICKETS. THIS YEAR, BECAUSE OF THE PANDEMIC, OUR EDUCATIONAL AND OUTREACH EVENTS WERE HELD ONLINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward A Montgomery Jr Ex-Officio | Trustee | 1 | $0 |
Judith Hurtig Vice President | OfficerTrustee | 5 | $0 |
Susan S Gould Secretary | OfficerTrustee | 5 | $0 |
Julian S Brodsky Treasurer | OfficerTrustee | 5 | $0 |
Roger Berlin MD Director | Trustee | 1 | $0 |
Pauline A Candaux Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marlboro School Of Musicinc Payroll & Shared Admin Services | 9/29/23 | $680,821 |
Kimmel Center Inc Performing Art Venue For Piano Concerts | 9/29/23 | $217,143 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,514,378 |
| Investment income | $142,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,611 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,703,740 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $129,438 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $251,684 |
| Pension plan accruals and contributions | $32,453 |
| Other employee benefits | $65,072 |
| Payroll taxes | $35,959 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,879 |
| Advertising and promotion | $31,825 |
| Office expenses | $27,821 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,146 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,444 |
| Insurance | $11,977 |
| All other expenses | $0 |
| Total functional expenses | $1,345,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,015 |
| Savings and temporary cash investments | $927,582 |
| Pledges and grants receivable | $594,500 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,111 |
| Investments—publicly traded securities | $8,726,673 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,539,381 |
| Accounts payable and accrued expenses | $31,452 |
| Grants payable | $0 |
| Deferred revenue | $321,453 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $50,436 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $403,341 |
| Net assets without donor restrictions | $6,927,753 |
| Net assets with donor restrictions | $3,208,287 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $10,136,040 |